The cryptocurrency data service provider CoinMarketCap (CMC) has rolled out two benchmark crypto indices on Börse Stuttgart, Bloomberg Terminals, NASDAQ Global Index Data Service (GIDS) and Thomson Reuters Eikon.
@CoinMarketCap launches 2 #cryptocurrency #indices today on NASDAQ GIDS, Bloomberg, TR Refinitiv and Börse Stuttgart. It covers Top 200 crypto and is the most comprehensive #index to date. We're excited to bring crypto data to the wider financial market!https://t.co/QHXzg9KLox— CoinMarketCap (@CoinMarketCap) March 20, 2019
The newly launched indices are calculated and managed by Solactive, a German index service provider, as the CMC’s post revealed.
The two indices, called CMC Crypto 200 Index (CMC200) and CMC Crypto 200 ex BTC Index (CMC200EX), are expected to be the most universal and all-encompassing on the market, looking at the Top 200 digital currencies based on market cap (MC) – one that includes Bitcoin (BTC) and one having no BTC.
CMC200EX will not include BTC and will be trailing the performance and the trend of the market sans BTC stimulus. CMC200 contains BTC and also covers over 90 percent of the worldwide cryptocurrency market.
However, the initiative comes at a time when the cryptocurrency data provider was allegedly being accused of providing wrong and false volumes, and failing to delete phony exchanges, as reported by Coinidol. Some eminent people blaming CMC for its bad act include the Binance CEO Changpeng Zhao (CZ).
This time around, while responding to the current move by price & MC data provider, Changpeng revealed that coinmarketcap.com is the website with the highest traffic in the field of digital currency and the largest referrer for several crypto exchanges.
Why do exchanges fake volumes? @CoinMarketCap is highest traffic website in our space, and biggest referrer for all exchanges. Ranked high on CMC has benefits for getting new users. BUT at the expense of DESTROYING CREDIBILITY with pro users. Many forget the later part. https://t.co/XTSez5ZRVh
— CZ Binance (@cz_binance) March 19, 2019
“Ranked high on CMC has benefits for getting new users. But at the expense of destroying credibility with pro users. Many forget the later part,” Zhao added.
Of late, CMC proclaimed its partnership with Flipside Crypto and also added FCAS (Fundamental Crypto Asset Score) metric onto its service platform.